GROUP RETAIL TURNOVER
Group retail turnover up 21,4% (constant currency +23,0%) to R28,6 billion
Gross margin improved to 52,5% (March 2017: 49,7%)
Headline earnings excluding acquisition costs up 9,6% (constant currency +10,2%) to R2,5 billion
Headline earnings per share
Headline earnings per share excluding acquisition costs up 3,4% (constant currency +4,0%) to 1 136,5 cents
Free cash flow
Free cash flow up 44,8% to R1,9 billion
Final dividend of 420,0 cents per share – a 5,0% increase
Total dividend of 745,0 cents per share – a 3,5% increase
This report is a concise communication, complemented
by further reporting elements and information.
The company was established in 1924 and listed on the
Johannesburg Stock Exchange (JSE) in the general retailers sector in 1941.
Our core business activities focus on delivering quick-response
and quality outputs, reducing manufacturing waste and implementing lean systems.
The consistency of and the ongoing focus on our strategic
objectives and the strong desire both by management as well as employees to execute
these strategies, continues to benefit the Group.
TFG remains committed to the highest standards of
corporate governance that add value to the business.